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On April 19, MMe learned that Neuberger is launching a multi-strat alternative fund within the next few weeks.

On April 19, 2012, U.S. treasurers say they will sharply reduce their use of money market funds if the Securities and Exchange Commission (SEC) adopts either a net asset value float, a redemption holdback or capital requirements on the industry, according to a report released by the Investment Company Institute.

LPL's New Venture will be structured to support advisors who could run the gamut from college graduates to career changers.

The new firm brings together the existing businesses of Saltzman Associates, Bielan Consulting and Ken Kehrer’s research and consulting expertise.

Bank of America Merrill Lynch’s global wealth and investment management unit posted a first-quarter profit of $547 million, more than doubling the $259 million it earned in the fourth quarter, and the second-highest quarterly profit since BofA bought Merrill in 2008.

Bank of the West has formed a team to help its wealthiest customers with real estate lending needs.

The company hired eight advisors from Morgan Stanley Smith Barney, three from UBS, thre from Bank of America Merrill Lynch, and two from RBC Capital Markets. The new hires, who collectively manage $1.1 billion in assets, were added late last month and early this month.

Wall Street banks have had a good first quarter as capital markets activity returned after a dismal 2011. In the past few days, rivals Goldman Sachs Group Inc, Citigroup Inc and JPMorgan Chase & Co have all said they have benefited from the rebound in capital markets.

The chief operating officer of Guggenheim Investments and two other top executives were let go this week as part of a reorganization at the firm

A former top producer with Edward Jones, John Lindsey has begun the process of migrating to a fee-based business by partnering with Securities America branch office Cooper McManus, an RIA with more than 40 advisors.